Cheaper gasoline weighs on U.S. consumer prices in December

U.S. consumer prices fell for the first time in nine months in December amid a plunge in gasoline prices, but underlying inflation pressures remained firm as rental housing and healthcare costs rose steadily.Read more ...

Key Measures Show Inflation about the same in December as in November on YoY Basis

The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning:
According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% in December. The 16% trimmed-mean Consumer Price Index also rose 0.2% during the month. The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics' monthly CPI report.
Earlier today, the BLS reported that the seasonally adjusted CPI for all urban consumers fell 0.1% in December. The CPI less food...Read more ...

Cheaper gas sends US consumer prices down 0.1 pct

WASHINGTON - Consumer prices slipped 0.1 percent last month, pulled down by sharply lower gas prices and cheaper air fares, used cars, and mobile phone plans.
The consumer price index rose just 1.9 percent in December from a year earlier, the Labor Department said Friday, the first time it has fallen below 2 percent since August 2017.
Excluding the volatile energy and food categories, core prices rose 0.2 percent for the third month in a row. They rose 2.2 percent from a year ago for the second straight month.
The figures suggest that the healthy economy is not yet creating widespread...Read more ...

BLS: CPI declined 0.1% in December, Core CPI increased 0.2%

From the BLS :
The Consumer Price Index for All Urban Consumers declined 0.1 percent in December on a seasonally adjusted basis after being unchanged in November, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.9 percent before seasonal adjustment.
The seasonally adjusted decline in the all items index was caused by a sharp decrease in the gasoline index, which fell 7.5 percent in December. This decline more than offset increases in several indexes including shelter, food, and other energy components. The energy index fell 3.5...Read more ...

U.S. consumer prices post first drop in nine months

U.S. consumer prices fell for the first time in nine months in December amid a plunge in the cost of gasoline, but underlying inflation pressures remained firm as rental housing and healthcare costs rose steadily.Read more ...